$GPUS - Cash + Bitcoin alone are worth more than the whole company
Hyperscale runs a Michigan campus with NVIDIA GPUs and Bitcoin miners side by side, pivoting to AI colocation. Management reaffirmed 2027 guidance of $300-350M revenue and $60-80M EBITDA.
Nov. 12th: Hyperscale Data Investor Day will reveal large scale revenue forecasts and upcoming propositions.
As of Oct 4: about 220 BTC plus $37.4M cash, roughly $56M total. The company was trading for less than that. You're getting the AI data center for free.
The ATM offering was just suspended. The stock ripped 24% last week on that, and it's still around $0.16.
Risks are real: dilution history, still losing money. That's why it's cheap.